Insider (MD) continue to accumulate, positive news.
Was informed Semenyih, Melawati and Kwasa Land (JV) GDV of RM1.5b will mainly be landed residential properties, where demand is good. Not forgetting construction order book of RM1.6b that can last 3-4 years.
I am buying this when the capital 21 profit really kicks in. By that time, gadang will gap up 10% on a single day which is a fair opportunity cost for me. Meanwhile, I believe gadang will continue to trend down or remain sideways.
If there any job win then will consider to buy the stock. for now its considered not growing stock for near term. Gadang sure will continue to trend down or remain sideways like @flintstones said.
Ya epf keep selling share in stock market ,let najix use money to buy vote first 。now local fund every day keep selling their share in stock market。that why 80% stock making new low
Last 3 years average profit after tax for Gadang is about RM85m, and next 3 years average estimated profit is about RM130m, not sure this is deemed as good growth.
During the last AGM's presentation, management mentioned they will launch (FYE19) Semenyih, Melawati and Kwasa Land, all are mainly landed residential properties with a GDV of about RM1.5b.
Perhaps, that is the reason Insider (MD) keeps on accumulating. [sentiment is weak for both construction and property at the moment]
@ sosfinance For the Semenyih, Melawati & Kwasa Land, my record is this's future development project, not specified it will be launched in FY2019.
Based on their latest QR using "sluggish" this word to describe current property market, maybe you need to fine tune again the Gadang property division earning power.
why gadang drop like lao sai? no negative exposure infact ceo gadang and lao ma good friend summore. I buy until really no money liao. really have to wait.
The only exposure i can think of is only contracts will change to open bid, will delay a bit. LRT/MRT will still continue under PH. But the stock price, going south. Scared what I also don;t know.
if some one powerful wanna play die a construction company, just delay their approval or permit then will die already, not to mention to find a little fault and give you summon and stop work order
Now even construction company wanna pay the agreed undertable oso nobody dare to take, and that money, assuming if there is any can be saved and become company's win-fall profit, dun forget if there is any such thing, it's already taken into costing
well if you look at the different angle. Open tender actually will actually benefit Gadang as they are not politically linked or connected to any politics members. Hence with their strong track record and competitive pricing, they will definitely stand a better chance than some of the companies that awarded during LRT3. The prospect for Gadang under construction sector should be bright with the fair and honest tendering system !!
look at what tony pua mentioned for MRT3. Good chance that the MRT3 may be reviewed and awarded to the local companies under PDP rather than turnkey approach
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Fabien Extraordinaire
2,012 posts
Posted by Fabien Extraordinaire > 2018-04-26 20:57 | Report Abuse
@Patrick13
sentiment rules over rationality i'm afraid. its not only Gadang, Ekovest too